Essentials for Traders

[joromz1226]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

The most important for the traders to all what you had mentioned was Capital or money, because without it you can't be called trader. Then,

knowledge, patience and other's will be follows then aside from that no more. Very simple to understand isn't?

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[Cryptokarl]

These are the things a trader needs in order to succeed in this industry. These are very essential especially when it comes to discipline. A lot of traders are good but staying discipline is a hard task for them. A trader needs to be disciplined in order to make waves

[paul_ammit]

I'm agree with you , Capital is the most important thing , and if you are rich enough you can be patient too because you don't care how down coins go!

I guess, patience in this market is the one fact that determines your success.

[CoinChili]

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result. Also, there are times that our trades are not in a good result, but if we are more patience we may also achieve our goal profits in trading.

[BitcoinHunt3r]

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result. Also, there are times that our trades are not in a good result, but if we are more patience we may also achieve our goal profits in trading.

Maybe less greed is important thing that people must know. Because if we're greedy and never satisfied with our profit, sometime it will be bad for us. For example if we use capital and profit to trade, and then lose.

[playboy654]

Trading account different kind of things we cannot judge itself while we are doing the proper work because traders had no time and date for his work especially day traders a are definitely need to work 24/7 each and every day for the continuous profit

[prtty2gal2]

This three things are the main steps to become successful in trading. If i may add, less greed will also lead to more favorable result. Also, there are times that our trades are not in a good result, but if we are more patience we may also achieve our goal profits in trading.

Maybe less greed is important thing that people must know. Because if we're greedy and never satisfied with our profit, sometime it will be bad for us. For example if we use capital and profit to trade, and then lose.

The most dangerous emotional trading tool is greed, though sometimes it is good, it is good in the sense that it leads the trader into mistakes and without making mistakes, a lot of trader will not learn their lessons to really understand what we are talking about, majority of us can confidently speak against greed now because we have all been a victim of it in one way or the other.

Just like me, I learnt to be a perfect trader and kudos to greed, it really hit me hard and now I have learnt to trade and be satisfied with the little profit I have, though we have to be very careful not to confuse greed with a little push, a little push sometimes can lead us to our maximum potential.

[GreatArkansas]

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.

This kind of skill is very important, especially for the newbies on trading. I encountered this since I started on trading, I always get too excited or getting FOMO every time when I do a trade before. I learned lessons from my past trades, every trader should really have patience, always stick to the plan or in your chart, when to entry and exit.
Always think that if you missed that trade or entry, there's always another chance or much better entry points.

[Ararbermas]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

definitely a big help but probably this will be good only for those open minded ppl which who really care about the safety of their money and really interested to become expert on trading. Because mostly nowadays don't care about it in the first place and always making mistakes .that's what i've notice nowadays they always ignoring this useful tips.

[stomachgrowls]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

definitely a big help but probably this will be good only for those open minded ppl which who really care about the safety of their money and really interested to become expert on trading. Because mostly nowadays don't care about it in the first place and always making mistakes .that's what i've notice nowadays they always ignoring this useful tips.

First of all why this year old thread had been bumped once again? People dont really know on whats necro posting.
On topic, these arent useful tips but rather a necessary thing for you to have before you can trade.Money is one thing and knowledge and skills would be learned along the way
It would only matter or differ on how a certain trader would formulate his trading style to be profitable as the time goes by.

[Furious 7]

First of all why this year old thread had been bumped once again? People dont really know on whats necro posting.

This thread should be locked. I am sure there will be a lot of spam posts here.

it looks like the OP doesn't need any comments, and this discussion must be stopped.

[mersal]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

yes you are right in these three points the most important thing that I have considered is patience. without this quality you cannot be a successful trader at any field of time and it will make you more stronger again and again when you get your patience level it will definitely give good confidence and good mind set

[izanagi narukami]

Usually when I try to trade in short term,TA is the great way to analyze but it doesn't guarantee but at least , it will make your portofolio better.
For long term, FA is great way to learn. Unlike TA, FA provide less stress activity and as you guys can guess, by holding for long term just like I did on crypto

[mrdeposit]

Usually when I try to trade in short term,TA is the great way to analyze but it doesn't guarantee but at least , it will make your portofolio better.
For long term, FA is great way to learn. Unlike TA, FA provide less stress activity and as you guys can guess, by holding for long term just like I did on crypto

In this case, you can make more precise analysis by giving the superiority to FA. TA is useful in the short term, but it is not known how long it will work. Therefore, you should focus more on FA.

[ASHLIUSZ]

To be successful with trading a better learning about the market is a must. People simply get into trading investing big, expecting good profit without analyzing the present market. With cryptocurrency being a trader should not focus on profiting in the short from the beginning. Need to go for long term profiting, and in between if the market supports it is good to make a trade.

[arpon11]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

The out listed are some of the must have before investing into cryptocurrencies.  It is very truth that trading is a very risky venture and going into it without adequate knowledge and capital will end up with disasters!  However,  trading is a game, you cannot become successful in it without adequate skills and experience.  What  put you ahead of others is your skills and knowledge one how to trade professionally.

[fibrolit]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

I would correct the first point. It is not necessary to invest even minimal amounts of money to lose them and learn at the same time. You can simply record your possible rates for the first few months without investing money, and then check them. So you will learn and not lose money.

[Hannahanto]

Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Right Creeps. Capital, experience and patience are most essential in trading. The size of capiral decides your profits. Investing less would certainly yield less profits even if you choose coins that are cheaper. Hence try with minimum $1000 to earn minimum $20 per day in day trading.

[Slark]

Yes, this is the most important thing for the trader. It is worth paying great attention to your emotional state, because if you cant cope with it, that trade is not for you.

[cryptoblue77]

Experience is the mother of knowledge. Start with an amount that you can afford to lose and practice real trading, as the time passes you would gain experience and that would be very useful in future trading.